Nebraska Non-Compete Agreement Template

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The Nebraska Non-Compete Agreement Template can be used in most situations where a Company or other Business Entity believes a new professional relationship holds the risk of leaking its Confidential Information to the public or of causing its information to be used in an unfair method of competition. The paperwork here will serve to solidify the conditions under which a Company will share its information or make it available to the Contract Recipient listed. Thus, ensuring that any information shared will be treated with respect and discretion to maintain the Company’s privacy and standing in a competitive market.

This template will supply the structure and the wording required to fully define a Company’s conditions for sharing its information. If the Recipient signs this agreement with the Company, it will signify his or her understanding of the terms provided in this document as well as his or her intent to comply with all such terms. Make sure that all the information provided to this template is appropriate to the concerned Company/Recipient relationship and that its terms are presented for the signing at the start of this relationship.

Restrictions

There is no statute or regulation governing non-compete agreements in the state of Nebraska. In Nebraska, a non-compete agreement is enforceable if it is reasonable. A non-compete is reasonable if it does not harm public interest, the restrictions are not greater than what is reasonably necessary to protect the employer in a legitimate business interest, and it is not unduly harsh and oppressive to the employee.

For the sale of a business a non-compete agreement is enforceable if it is reasonable in character, space and time.

Laws – None

How to Write

1 – List The Determined Parties’ Identities In Their Roles

The first paragraph in this contract provides the language required to accurately introduce each Signature Party in its role. This means, the name of each one must be supplied in the correct blank space. Fill in the Legal Name of the Business Entity issuing this paperwork (in an effort to safeguard its Trade Secrets) on the first blank space and the Full Name of the Recipient of these terms on the second available space.

2 – The Company’s Preferred Preventative Measures With This Recipient Must Be Indicated

This document will attempt to place specific conditions governing the Recipient’s behavior. Section “2. Non-Compete/Disclosure” will make specific declarations the Recipient will agree to when the checkbox preceding it is filled in or checked. In this way, the Company may indicate precisely what restrictions should apply to the Recipient. The Recipient’s “Business Practices” and his or her relations with the Company’s “Clients/Customers,” “General Competitor(s),” “Specific Competitor(s),” and “Employees” may all be constrained by this contract depending on the Company’s directives in this matter. Mark each checkbox preceding the restriction statement the Recipient must comply with. The Company may impose as many of these restrictions as it prefers so long as they are reasonably applicable to the Recipient.

3 – The Time Frame When These Conditions Apply Must Be Determined Here

Next, find the section with the title “3. Time Period.” Two items will be required to satisfy this area. First, submit a realistic time period in which the Recipient agrees to adhere to this contract without compromising his or her career onto the blank space in the first statement.

The next task in this portion of the contract will be to identify when this Effective Period will begin. If it begins upon the Execution Date, mark the first checkbox. If it starts upon the termination of the business the Company and Client engage in, mark the second checkbox.

4 – An Ability To Escape These Terms May Be Granted By The Company

This paperwork contains the language necessary to offer a Purchase Option to the Recipient. That is, he or she would be able to pay the Company a predetermined amount of money in exchange for the Company dissolving this agreement and releasing the Recipient from any liability to its terms. The Company will offer this consideration in section “4. Purchase Option,” once the first statement is check marked and the determined payment reported in the spaces available. If the Company expects the full term of this contract to remain in Effect, then mark the second statement’s checkbox.

5 – Name The Government Body That Shall Hold This Contract Enforceable

The fifth segment of this paperwork (“5. Jurisdiction) demands the location(s) where this contract’s terms will be effective reported on the blank space in the declaration statement provided

6 – This Contract Signing Must Occur On The Official Execution Date

This contract will continue to make several declarations and present several definitions but none of these items will require additional information. The next article requiring information supplied is “13. Entire Agreement.” Record this document’s Execution Date using the last statement in this section.

The Signature Parties should gather on the Execution Date. Both should take the time to read through this document then, when it is time to formally enter this agreement, each will have a specific area to satisfy its entry requirements. “The Company,” whose legal name was presented earlier, will need to appoint an Authorized Representative to provide a binding Signature on its behalf using the first line in the left-hand column at the bottom of this page. Beneath the Signature, the Authorized Representative must also present his or her Printed Name and the Title held with this Company. Lastly, he or she should enter the Current Date when signing this paperwork on the “Date” line.

The final area of this document is in the lower right hand of the last page and is titled “Recipient.” Here, the individual complying with the Company’s directives will have to satisfy the requirements of the three blank lines in this column by signing and printing his or her name. The current date must also be documented on the last blank line when the Recipient provides his or her Signature.